Quarterly Snapshot
| Metric | Q1'26 | YoY Δ | Q1'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 0.68% | +0.31 | 0.36% |
| Return on Equity (%) | ▲ | 7.59% | +3.03 | 4.56% |
| Net Interest Margin (%) | ▲ | 3.53% | +0.77 | 2.76% |
| Efficiency Ratio (%) | ▲ | 77.25% | -7.11 | 84.36% |
| Pre-Provision Profit ($M) | ▲ | $0 | +0.11 | $0 |
| Cost of Funds (%) | ▲ | 1.97% | -0.40 | 2.37% |
| Balance Sheet | ||||
| Total Assets ($M) | ▼ | $123 | -2.68 | $126 |
| Gross Loans ($M) | ▼ | $90 | -4.70 | $95 |
| Loan Growth YoY (%) | ▼ | 81.62% | -1.79 | 83.40% |
| Total Deposits ($M) | ▼ | $109 | -3.25 | $113 |
| Shareholders Equity ($M) | ▲ | $11 | +0.74 | $10 |
| Tang. Book Value ($M) | ▲ | $10 | +0.88 | $9 |
| Loan / Deposit Ratio (%) | ▼ | 81.62% | -1.79 | 83.40% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▼ | 0.68% | +0.10 | 0.58% |
| Allowance / Loans (%) | — | 0.94% | 0.01% | 0.93% |
| Net Charge-Off Ratio (%) | ▼ | 0.93% | +0.16 | 0.77% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▲ | 16.37% | +2.08 | 14.29% |
Noninterest income ($0.24M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q2'24 | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▁▃▃▄▅█ | Net Interest Margin (%) | 2.43% | 2.50% | 2.53% | 2.76% | 2.81% | 2.91% | 3.00% | 3.53% |
| ▁▃▃▄▃▅▄█ | Return on Assets (%) | 0.14% | 0.28% | 0.32% | 0.36% | 0.31% | 0.44% | 0.40% | 0.68% |
| █▆▅▄▅▃▄▁ | Efficiency Ratio (%) | 92.3% | 87.3% | 86.4% | 84.4% | 86.6% | 82.5% | 84.0% | 77.3% |
| ▇██▆▅▅▃▁ | Cost of Funds (%) | 2.47% | 2.59% | 2.55% | 2.37% | 2.29% | 2.31% | 2.19% | 1.97% |
| ▁▂▁▃█▆▆▅ | NPA / Assets (%) | 0.39% | 0.46% | 0.45% | 0.58% | 0.92% | 0.73% | 0.76% | 0.68% |
| ▁▁▁▃█▆▆▅ | Net Charge-Off Ratio (%) | 0.53% | 0.60% | 0.60% | 0.77% | 1.25% | 0.99% | 1.01% | 0.93% |
| ▁▃▃▄▅▇██ | Tang. Book Value ($M) | $8 | $9 | $9 | $9 | $9 | $10 | $10 | $10 |
| ███▇▆▅▃▁ | Gross Loans ($M) | $96 | $96 | $96 | $95 | $94 | $93 | $92 | $90 |
| ▂▁▆▆█▅▁▂ | Total Deposits ($M) | $109 | $108 | $113 | $113 | $116 | $112 | $108 | $109 |
Portfolio Composition — Q1'26
| Loan Mix | % |
|---|---|
| Real Estate | 95% |
| C&I / Commercial | 3% |
| Consumer | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 12% |
| Interest-Bearing (core) | 67% |
| Brokered / Other | 21% |